Updated Oct 29, 2024
New Wave Loans Provides $9.5M Construction Loan For Industrial Property In Holmdel
2125 New Jersey Highway 35
$9,500,000
Building Size
—
Asset Type
Industrial
Closing
Feb 22, 2023
About this deal
AI
The Feldman Companies, represented by Jordan Feldman, Mitchell Feldman, and Matthew Beggs, have secured a construction loan from New Wave Loans for an industrial property located at 2125 New Jersey Highway 35 in Holmdel. The property spans a total of 78,400 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,500,000
- Lender: New Wave Loans
- Landlord: The Feldman Companies - Jordan Feldman, Mitchell Feldman, & Matthew Beggs
This loan transaction involves The Feldman Companies, with Jordan Feldman, Mitchell Feldman, and Matthew Beggs serving as the representatives of the landlord. The construction loan, provided by New Wave Loans, amounts to $9,500,000 and is secured for the industrial property situated at 2125 New Jersey Highway 35 in Holmdel.
On the Map
$9,500,000
Industrial
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Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93